Governance of International Banking: The Financial Trilemma

Author : "Dirk Schoenmaker (Professor of Finance, Banking and Insurance, Professor of Finance, Banking and

Hardback

Published : Wednesday 3 April 2013

ISBN : 9780199971596

Price : €48.79

Description

Global governance of international banks is breaking down after the Great Financial Crisis, as national regulators are withdrawing on their home turf. New evidence presented illustrates that the global systemically important banks underpin the global financial system. This book offers solutions for the effective governance of global banks.

In the aftermath of the financial crisis, the business model of international banks is under pressure. Regulators across the world are retrenching to national lines by applying restrictions on cross-border banking. Applying game theory, this book develops a model of the financial trilemma to understand the co-ordination failure among regulators. It also provides governance solutions to overcome this co-ordination failure. The goal is to offer a long-term perspective on international banking for regulators and academics. The book combines academic insights and policy issues.

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